Eisner v. Macomber
United States Supreme Court
252 U.S. 189 (1920)
Myrtle Macomber (plaintiff) owned 2,200 shares of stock in the Standard Oil Company of California (Standard), a publicly traded company. Standard experienced increased growth in its value and issued a 50 percent stock dividend. As a result, Macomber received an additional 1,100 shares of Standard stock. Pursuant to the Revenue Act of September 8, 1916 (Act), c. 463, 39 Stat. 756, et seq., the United States government (defendant) sought to tax Macomber on the 1,100 shares of stock that she received. Macomber sued the government, asserting that the stock dividend was not taxable income. The district court ruled in favor of Macomber. The United States Supreme Court granted certiorari.
Rule of Law
Holding and Reasoning (Pitney, J.)
Dissent (Brandeis, J.)
Dissent (Holmes, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 707,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 707,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 44,500 briefs, keyed to 983 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.